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New York Woman Who Duped Investors, Funneled Money to 2017 Trump Fundraiser Pleads Guilty

OYSTER BAY, NEW YORK, JUL 30 – Sherry Xue Li admitted to defrauding over 150 investors and illegally funneling $31.5 million from foreign nationals into U.S. political campaigns, prosecutors said.

  • A New York woman pleaded guilty to a $30 million investment scam involving false promises to foreign nationals for access to a 2017 fundraiser for President Donald Trump and a photo-op with him.
  • Li and her co-defendant, Lianbo Wang, deceived investors by claiming their funds would secure lawful permanent resident status in the U.S.
  • Li's scheme spanned nearly a decade and defrauded investors out of more than $30 million, targeting many Chinese nationals.
  • The Trump campaign was not accused of any wrongdoing, and Li could receive a maximum sentence of 20 years in prison on December 5.
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Associated Press NewsAssociated Press News
+8 Reposted by 8 other sources
Lean Left

New York woman who duped investors, funneled money to 2017 Trump fundraiser pleads guilty

A New York businesswoman has pleaded guilty to ripping off over $30 million from foreign investors and funneling some of the stolen funds to U.S. political campaigns.

·United States
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CNBCCNBC
+3 Reposted by 3 other sources
Center

Woman pleads guilty in $30M scam that sold access to Trump fundraiser, fake U.S. residency

More than 150 people, many foreign nationals from China, were duped into investments in hopes of winning legal residency in the United States.

·United States
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A New York businesswoman has pleaded guilty to a financial trick with which she swindled over $30 million from foreign investors and channelled some of the money stolen into U.S. political campaigns, including a 2017 fundraising event for President Donald Trump during his first term.

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NBC Dallas-Fort Worth broke the news in Fort Worth, United States on Wednesday, July 30, 2025.
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